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Diagonal triangle should be finished

Diagonal triangle should be finished | 05 January 2016

05 January 2016, GBP/USD

We assume that the considered pair is forming diagonal triangle as the wave [c] of (ii).

However, signs of reversal are not observed, for better certainty, in the beginning of the upward movement we should wait when lead-in impulse movement will be formed.

Only after this purchase will be safe, because at the moment the pair is completely at mercy of bears

Diagonal triangle should be finished

Vasiliy Lukin
FreshForex Analyst
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